Futures metrics for $BTC

Good morning Crypto Nation, today I bring you an analysis of what is happening with money in the market.

What you have below is a graph that measures the metrics of:

🪙 Open interest

🪙 Spot behavior

🪙 USDT aggregate in futures

🪙Founding

Prior to the falls, the market overheated. Founding was at unsustainable levels and both in spot and futures the pressure was running out and the bears won momentarily.

After the fall, the total Open interest returned to acceptable levels; funding was below the neutral zone and; in futures and spot, they have been selling and opening shorts.

All this tells us several things:

1. Funding at these levels gives room for a rise.

2. All those sales are being absorbed, slowing the price drop.

3. Those short positions are going to be the fuel for the rise. They are going to be liquidated and will push the price up.

Finally, many are leveraging themselves at 100 waiting for the pullback. We can see slight, minimal drops but, eventually, they will be liquidated.

My advice is that BTC is not traded at this point. Look for alternatives in other currencies, because it will liquidate in both directions before the big move.

You don't have to listen to me, but experience makes me cautious.

Crypto Citizen says goodbye!!